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jerryking : state_capitalism   14

Consciously decoupling the US economy
December 1 , 2019 | Financial Times | Rana Foroohar.

The US is economically decoupling from the rest of the world.....Europe is being pulled into China’s technology orbit via the 5G standards and technologies that make up part of the Belt and Road Initiative......one of the most important things the US could do right now to ensure both national security and its own position in the 21st-century digital economy would be to work with allies on transatlantic standards for emerging technologies like 5G, artificial intelligence and so on....... decoupling is no longer a fringe idea......the Council on Foreign Relations (CFR) is now admitting that we are in a more fragmented world — one that won’t reset to the 1990s — and advocating what amounts to a US industrial policy--- a major shift in thinking. Deglobalisation, the idea of the US and China decoupling economically, is now mainstream.....heightened awareness of the relationship between national security and technology........it is becoming a given that the US needs a more coherent national economic strategy in a world in which state capitalism is in the ascendant. The question is how to get there. And that’s where the internal contradictions in America’s laissez-faire, free-market system start to become a problem......what role should government play?........What should the private sector expect from government and what should they be willing to do in exchange (e.g. Will FAANG repatriate profits to the U.S.? Will Silicon Valley and Wall Street volunteer to retrain the millions of underemployed millennials? How can we move from 40 years of supply-side thinking that has benefited multinational companies, towards something that better supports local economies and workers? ...if America is going to compete with a state-run economy like China in the digital era — one that seems to support a winner-takes-all dynamic — we are going to need bigger, public-sector directed shifts.
5G  adversaries  CFR  China  China_rising  decoupling  deglobalization  digital_economy  industrial_policies  military-industrial_complex  multinationals  new_tech_Cold_War  One_Belt_One_Road  public_sector  Rana_Foroohar  security_&_intelligence  state_capitalism  supply_chains  tariffs  technical_standards  technology  U.S.-China_relations  winner-take-all 
december 2019 by jerryking
China's 'State Capitalism' Sparks a Global Backlash - WSJ.com
NOVEMBER 16, 2010/WSJ/ By JASON DEAN, ANDREW BROWNE And SHAI
OSTER. Bedeviling U.S.-China relations is a deep issue: China's national
economic strategy is detailed and multifaceted, and it is challenging
the U.S. and other powers on a number of fronts. Central to China's
approach are policies that champion SOEs, seek aggressively to obtain
advanced technology, and manage its exchange rate to benefit exporters.
It leverages state control of the financial sys. to channel low-cost
capital to domestic industries—and to resource-rich foreign nations
whose oil and minerals China needs to maintain rapid growth. ...Charlene
Barshefsky, Clinton's U.S.T.R.. says the rise of powerful state-led
economies like China & Russia is undermining the established
post-World War II trading system...the Chinese state is again ascendant.
...The govt. owns almost all major banks in China, its three major oil
companies, its three telecom carriers and its major media firms.
backlash  China  China_rising  industrial_policies  international_system  mercantilism  multifaceted  protectionism  post-WWII  SOEs  state-as-facilitator  state_capitalism  U.S.-China_relations 
november 2010 by jerryking
There's a New Silk Road, and It Doesn't Lead to the U.S.
August 5, 2010 | BusinessWeek | By Simon Kennedy, Matthew
Bristow and Shamim Adam
Trade routes ("the new Silk Road"—a 21st-century version of the trade
routes that crisscrossed Asia almost 2,000 years ago, linking merchants
in China to their counterparts in India, Arabia, and the Roman Empire)
bring Brazilian buses to Egypt and Chinese trains to the Mideast
emerging_markets  multinationals  state_capitalism  South-South  China  India  Brazil  Embraer  BRIC 
august 2010 by jerryking
State capitalists are having their day
Jun. 25, 2010 | The Globe and Mail | Doug Saunders. "The world
is no longer a contest between the pure state and the pure market; it
is a contest between two very different state-market compacts, one free
and risky and the other restricted and regime-controlled. "
state_capitalism  Doug_Saunders  schadenfreude 
june 2010 by jerryking
Off the Shelf - A War for Hearts and Minds, Economically Speaking - Review - NYTimes.com
June 4, 2010 | NYT | By DEVIN LEONARD. Review of Ian
Bremmer's “The End of the Free Market: Who Wins the War Between States
and Corporations?” (Portfolio, 230 pages)
book_reviews  BRIC  South_Korea  Turkey  South_Africa  state_capitalism 
june 2010 by jerryking
Business Books: Why Russia and China will eat your lunch
May 28, 2010 | Reuters | by Herbert Lash. The Western
multinationals that have dominated global trade for decades are going to
have their lunch eaten in China and elsewhere, and many are unaware
it's about to happen. That's the warning in "The End of the Free
Market" (Portfolio, $26.95), a new book by political risk expert Ian
Bremmer. Bremmer, known for showing the effect of political turmoil on
financial markets, argues that China, Russia and other emerging markets
have developed a new economic model -- state capitalism -- that clashes
with the free-market system of the West.
book_reviews  China  Russia  multinationals  free_markets  state_capitalism  SOEs  Ian_Bremmer 
may 2010 by jerryking
The renaissance of state intervention
September 19, 2008 G&M editorial on the U.S. government
being forced to be pragmatic and commonsensical in approach to dealing
with the banks.
crisis  editorials  Keynesian  public_policy  state-as-facilitator  state_capitalism 
january 2009 by jerryking
CD's Best of the Web / The piano man and the economic crisis
Rick Salutin op-ed piece on the irony of free market Steve
Harper running for office at time when government intervention is
becoming increasingly popular.
Rick_Salutin  Stephen_Harper  public_policy  state_capitalism 
january 2009 by jerryking
The return of regulation, and what a difference a decade makes
September 19, 2008 op-ed piece in the G&M by Eric Helleiner
on the changes to the financial world and the increased prominence of
the state.
economics  crisis  regulation  public_policy  state_capitalism 
january 2009 by jerryking

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